Apollo Tyres reports consolidated net loss of Rs 135 crore in Q1
6th Aug 2020

Apollo Tyres has reported results for first quarter ended June 30, 2020.

The company has reported net loss of Rs 53.65 crore for the quarter under review as against net profit of Rs 149.86 crore for the same quarter in the previous year. Total income of the company decreased 42.80% at Rs 1787.73 crore for Q1FY21 as compared Rs 3125.17 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss of Rs 134.58 crore for the quarter under review as against net profit of Rs 141.60 crore for the same quarter in the previous year. Total income of the company decreased by 33.46% at Rs 2900.28 crore for Q1FY21 as compared Rs 4358.79 crore for the corresponding quarter previous year.